NBI arrests 3 suspects for manufacturing

counterfeit money in Manila

The National Bureau of Investigation (NBI) Counter Terrorism Division, with help
from operatives from Bangko Sentral ng Pilipinas (BSP), has arrested three
suspects for manufacturing counterfeit money at LRC compound, Santa Cruz,
Manila.
The NBI has identified the suspects as Richard Ansus, Anthony Cuatico and
Irmalynne Pablo.
The three will be charged for illegal possession and manufacture of false treasury
or bank notes after being caught with 20 pieces of 1,000 peso bills and equipment
for manufacturing counterfeit money.
Experts say genuine currency can be differentiated from fake ones.
A genuine bank note has slightly raised images and letters. The colors on the bank
note also change when seen in different angles.
“Bukod sa makintab, nagbabago bago pa po ang kulay pag ito ay iniiba iba ang
anggulo. so the color changes from green and then slowly nagiging red, or vice
versa. ang peke po… kumikintab pero pula lang,” said Deputy Director Maja Gratia
Malic.
(Aside from being shiny, colors change in different angles. So the color changes
from green and slowly turns to red, or vice versa. A fake bank note is shiny but
the red color does not change.)
Bangko Sentral ng Pilipinas also warns the public to check when receiving bank
notes because anyone found with counterfeit currency may be seized by
authorities. -Roderick Mendoza | UNTV News & Rescue
BSP boosts fight vs fake
Philippine peso bills
The Bangko Sentral ng Pilipinas says it has arrested at least 4 suspects accused of faking
Philippine peso bills in the first semester of 2017

COUNTERFEITING TOOLS. Here are counterfeit P1,000 and P500 banknotes, a printing machine, scanner, and
printing paraphernalia seized during a law enforcement operation. Photo from BSP

MANILA, Philippines – The Bangko Sentral ng Pilipinas (BSP) boosted its fight against fake
Philippine peso bills after having arrested 4 suspects accused of faking the Philippine currency
in the first semester of 2017.

The BSP said in a statement on Friday, August 4, that its operatives from the Currency Issue
and Integrity Office seized counterfeited banknotes made up of P1,000 and P500 bills, printing
machines, a scanner, and printing paraphernalia. These were discovered inside the house of
the suspects.

Ammunition and motorcycles used by the perpetrators in illegal activities were also

confiscated, the BSP added.

Since 2005, the central bank has conducted at least 117 anti-counterfeiting operations, leading
to the arrest and filing of cases against 199 suspects.

Aside from fake Philippine pesos, the central bank said it had also seized counterfeited foreign
currencies, including Iraqi dinar, Japanese yen, Malaysian ringgit, and US dollars.

The BSP said its anti-counterfeiting operations were successful largely due to the information
provided by anonymous tipsters, who eventually received monetary rewards for cooperating in
the government's crackdown on bogus money.

The central bank's reward system now includes "information involving the hoarding and
mutilation/destruction of Philippine currency coins."
To report an illegal activity, informants may contact the BSP's hotline numbers 988-4833 and
926-5092, or they may coordinate with the nearest police station.

Under Section 50 of Republic Act No. 7653, the BSP is vested with police authority to
"investigate, make arrests, and conduct searches and seizures in accordance with law, for the
purpose of maintaining the integrity of the currency." – Rappler.com